Analyzing Operations The Tasty-Baked Store sold goods to customers for $125,500 during the month of January. These goods originally had been purchased from Aunt Martha’s Bakery by the Tasty-Baked Store for $71,000.

In addition, the store paid rent of $3,200 and wages of

$28,000. Prepare an income statement for the Tasty-Baked Store. Who made more from the store’s operations during January—the owners or the employees? What actions might Tasty-Baked take to increase its profits during the next months?